Answer:
Doubtful
Explanation:
The company will record the uncollectible $5,670 of its accounts receivable as a debit to uncollectible accounts expense and a credit to the DOUBTFUL account.
This is evident in the fact that the bad debt allowance method has three main principles which are:
1. Calculate uncollectible receivables
2. Debit bad debt expense and credit allowance for doubtful accounts in the journal entry
3. Debit allowance for doubtful accounts and credit the corresponding receivables account when it is time to write off the account.
Answer:
reconciliate balance $ 22,388,675
Explanation:
bank statement: 18,835
deposits in transit 100,740
22,376,200
outstanding check
10189 (56,710)
10192 (15,365)
10193 (22,650)
10194 (12,375)
Adjusted balance: 22,388,675
checkbook balance: 22,385,105
interest earned 4,020
ATM card fees (450)
Adjusted balance: 22,388,675
Notes: For each statement we adjust for the unknown information.
The bank is unaware of the outstanding check and the deposit in transit. So we adjust for these concepts.
The company has no knowledge of the ffes and interest earned until receiving the bank statement so we must adjust for that amount.
Answer:
Explanation:
* M1 = currency in circulation + checking deposits
* M2= M1 + short term money deposits + 24 hour market funds
a) Deborah CD - M2
b) Van - M1 and M2
c) Carlos savings account - M2
Answer:
1. World Trade Organization
2. North American Free Trade Agreement
3. The European Union
Explanation:
a. World Trade Organization (WTO): Oversees trade agreements among over 150 member nations and arbitrates trade disagreements among member countries. The world trade organization (WTO) is an intergovernmental organization that set rules, policies and regulates global trade across the world. It was established officially on the 1st of January, 1995.
b. North American Free Trade Agreement (NAFTA): Created a free-trade zone consisting of the United States, Canada, and Mexico with the purpose of eliminating trade barriers between these countries. It officially became effective on the 1st of January, 1994.
c. The European Union (EU): An agreement between over 25 nations, which abolished tariffs among member countries and standardized policies on agriculture, transportation, and business practices. It was established officially on the 1st of November, 1993. Some of its member countries are Sweden, Italy, Germany, Portugal, Croatia, Russia, France, Spain, Netherlands etc.
Answer:
hiring higher-quality workers at a higher wage
Explanation:
Possible causes of unfavorable labor rate variances include:
An increase in pay for employees.
Working overtime hours paid at a premium above the basic rate.
Using direct labor employees who were more skilled and experienced than the ‘normal’ and who are paid more than the standard rate per hour (adverse rate variance).
Based on the above discussion, the answer is hiring higher-quality workers at a higher wage
